Wave analysis and forex forecast the euro EUR / USD on the week 19.06 - 23.06 : The EUR / USD correction.
Estimated pivot point is at 1.1158.
Analysis EUR / USD : Within four hour time frame, presumably, development of the third wave senior level 3. At this point, apparently, there is a development of a downward correction in a wave iv of 3 within which is formed as a downward impulse wave (c). If the assumption is true, then the pair will continue to decline marks 1.1100 - 1.1060. Critical to this scenario is the level of 1.1158.
Alternative scenario : A break and consolidation of EUR / USD rate above the level of 1.1158 will allow the buyer to continue the growth of the euro to around 1.1230.
Our opinion : Sell EUR / USD pair below 1.1158 with the aim of 1.1100 - 1.1060. In the case of the breakdown level of 1.1158 to buy EUR / USD with the aim of 1.1230 - 1.1300.
Wave Forecast Forex GBP / USD on the week 19.06 - 06.23.2017 : The pair GBP / USD - the downward trend continues.
Estimated pivot point is at 1.2818.
Analysis GBP / USD: Presumably, formation of the ascending pulse wave within 4 c of senior and started development fifth wave 5. At this point, apparently, there is a development of the first wave i of 5, in which a rising correction ended junior level (iv). If the assumption is true, then the pair will continue to decline to around 1.2460. Critical to this scenario is the level of 1.2818.
Alternative scenario : A break and consolidation quotes GBP / USD pair above the level of 1.2818 will allow the pair to continue the bullish for the pound rise to the level of 1.2980.
Our opinion: Selling a pair GBP / USD on corrections below the level of 1.2818 with the aim of 1.2460. In the case of the breakdown level of 1.2818 to buy GBP / USD with the aim of 1.2980.
Wave analysis usd chf forex forecast and USD / CHF for the week 19.06 - 23.06.2017 : The pair USD / CHF is corrected.
Estimated pivot point is at 0.9740 level.
Analysis of USD / CHF: In the four hour time frame, presumably, formation of the downward trend in the third wave of three senior level. Locally, apparently develops upward correction as the fourth wave iv of 3 within which is formed zigzag (a) (b) (c ). If the assumption is true, in the short term the pair will continue to grow to the level of 0.9794. Critical for this scenario could be the level of 0.9740, breaking which the pair can continue the downward trend.
Alternative scenario : A break and consolidation of USD / CHF below 0.9740 will allow the bears on USD / CHF continue to decline to around 0.9600.
Our view : Buy the pair USD / CHF on the correction above 0.9740 level with the aim of 0.9794. In the case of the breakdown level of 0.9740 to sell USD / CHF with the aim of 0.9600.
Forex Wave analysis and forecast for the week rate USD / JPY at 19.06 - 23.06.2017 Traders should wait for the continuation USD / JPY Growth
Estimated pivot point is at 108.80.
Analysis USD / JPY : Presumably, formation of a descending correction as ii wave within the wave C senior level. Locally, apparently formed filar junior level pulse as the first wave i. If the assumption is true, after end of correction ii logical to expect continuation of growth of pair to the level of 114.36. Critical to this scenario is the level of 108.80.
Alternative scenario : A break and consolidation rate USD / JPY below 108.80 will allow the bears on the USD / JPY to continue to decline to around 107.00.
Our view : Buy USD / JPY pair of correction higher than 108.80 with a view to 114.36.
Wave analysis of the Canadian dollar and forex forecast USD / CAD for the week 19.06 - 23.06.2017 : USD / CAD - downtrend, players should not expect lower prices.
Estimated pivot point is at 1.3308.
Analysis USD / CAD : Within four hour time frame Presumably, formation of ascending correction senior level as wave V. A locally appear, formation of the fifth wave C, within which develops a downward momentum as the first wave junior level i of C. If the assumption is true, then the reduction will continue to mark the pair 1.2964. Critical to this scenario is the level of 1.3308.
Alternative scenario : A break and consolidation of USD / CAD above 1.3308 level will allow quotes USD / CAD continue to rise to the level of 1.3560.
Our opinion : Sell pair USD / CAD from correction below 1.3308 with the aim of 1.2964.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
